Click Payment raises $3.7mn seed funding

Phnom Penh-based fintech start-up Click Payment (Cambodia) Plc announced on Wednesday that it raised $3.7mn in round-one seed funding from global partners and investors. The fund was led by Openway and Poems Pte Ltd, the investment holding company of Singapore financial house Phillip Capital Pte Ltd, which has more than $35bn under management. Among other participants were several global angel investors, a third of which are Cambodia-based. The financing include $2mn of commitments announced at the end of 2018 and enables Click to scale its product engineering and customer service teams as it progresses towards an official launch in Cambodia at the end of this year. Click was founded in 2016 and is a payment aggregator that allows consumer payments from cards, wallets and bank accounts accepted by merchants. (Source: Phnom Penh Post)